Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The Cabinet postponed a decision on disinvestment in PSUs through share
buybacks and other means. Several administrative ministries sought more
discussions, and said the companies had no cash to spare for buybacks. (BS)
4 Data released by the CBDT showed a mop up of Rs 3.24 Tn between April
and December 2011, up from Rs 2.99 Tn in the year-ago period. India's
annual growth in net direct tax collections slowed to 8.3% in the first nine
months of the fiscal, deepening concerns that the government will miss its
revenue targets. (ET)
4 The Securities and Exchange Board of India (Sebi) said the rationale behind
allowing the auction route for companies to sell stake in the secondary
market is aimed at the paramount objective of protecting interests of
retail investors. (BS)
4 India's economy will likely grow faster next fiscal year than in 2011/12
because of an improved external environment and a shift in policy focus
from containing inflation to growth, a top government adviser said. (ET)
Corporate News
4 Reliance Industries (RIL) said it would shut the crude oil distillation unit
at its only-for-export refinery at Jamnagar in Gujarat for maintenance.
(BS)
4 RIL was to relinquish 25% of the gas-bearing KG-D6 block in 2004 and a
similar area in 2006 but the DGH, which was at that time headed by V K
Sibal, concluded that hydrocarbon prospectivity "extends over entire block
and hence no block area needed to be relinquished. (ET)
4 RIL is among companies in talks to buy the exploration and production
(E&P)unit of US pipeline company El Paso Corp. (ET)
4 Oil and Natural Gas Corporation (ONGC) will buyout British energy
major BG Group's stake in three of its eastern offshore oil and gas
exploration blocks, company Chairman and Managing Director Sudhir
Vasudeva said. ONGC will buy BG Group's 45% participating interest in KG
Basin block KG-OSN-2004/1, 25% interest in exploration block MN-DWN-
2002/02 in the Mahanadi Basin and 30% stake in deep water block KGDWN-
98/4. (BS)
4 ONGC said its board had approved a Rs 3.53 Bn investment in producing oil
from a marginal field off the Mumbai coast. (BS)
4 ONGC has found four new potential hydrocarbon reserves in the country's
west and northeast. The new finds will take ONGC's total number of
discoveries in FY12 to 15. (BS)
4 Mahindra Lifespace Developers, the real estate and infrastructure arm
of the $14 bn Mahindra Group, may raise Rs 2.5 Bn in debt before the end
of the fiscal to part-fund ongoing projects in various states, a top
executive said. (BS)
4 Brigade Enterprises is looking to raise around Rs 1.5 Bn through private
equity route by offloading a part of its stake in one of the commercial
projects in the city. (BS)
4 Dhanlaxmi Bank raised the interest rates on Non-Resident External
(NRE) term deposits across various maturities. (BS)
4 KEC International hopes to end 2011-12 (April-March) with an order
book of 15% despite the slowdown in domestic infrastructure projects,
Ramesh Chandak, managing director and chief executive office.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Economy News
4 The Cabinet postponed a decision on disinvestment in PSUs through share
buybacks and other means. Several administrative ministries sought more
discussions, and said the companies had no cash to spare for buybacks. (BS)
4 Data released by the CBDT showed a mop up of Rs 3.24 Tn between April
and December 2011, up from Rs 2.99 Tn in the year-ago period. India's
annual growth in net direct tax collections slowed to 8.3% in the first nine
months of the fiscal, deepening concerns that the government will miss its
revenue targets. (ET)
4 The Securities and Exchange Board of India (Sebi) said the rationale behind
allowing the auction route for companies to sell stake in the secondary
market is aimed at the paramount objective of protecting interests of
retail investors. (BS)
4 India's economy will likely grow faster next fiscal year than in 2011/12
because of an improved external environment and a shift in policy focus
from containing inflation to growth, a top government adviser said. (ET)
Corporate News
4 Reliance Industries (RIL) said it would shut the crude oil distillation unit
at its only-for-export refinery at Jamnagar in Gujarat for maintenance.
(BS)
4 RIL was to relinquish 25% of the gas-bearing KG-D6 block in 2004 and a
similar area in 2006 but the DGH, which was at that time headed by V K
Sibal, concluded that hydrocarbon prospectivity "extends over entire block
and hence no block area needed to be relinquished. (ET)
4 RIL is among companies in talks to buy the exploration and production
(E&P)unit of US pipeline company El Paso Corp. (ET)
4 Oil and Natural Gas Corporation (ONGC) will buyout British energy
major BG Group's stake in three of its eastern offshore oil and gas
exploration blocks, company Chairman and Managing Director Sudhir
Vasudeva said. ONGC will buy BG Group's 45% participating interest in KG
Basin block KG-OSN-2004/1, 25% interest in exploration block MN-DWN-
2002/02 in the Mahanadi Basin and 30% stake in deep water block KGDWN-
98/4. (BS)
4 ONGC said its board had approved a Rs 3.53 Bn investment in producing oil
from a marginal field off the Mumbai coast. (BS)
4 ONGC has found four new potential hydrocarbon reserves in the country's
west and northeast. The new finds will take ONGC's total number of
discoveries in FY12 to 15. (BS)
4 Mahindra Lifespace Developers, the real estate and infrastructure arm
of the $14 bn Mahindra Group, may raise Rs 2.5 Bn in debt before the end
of the fiscal to part-fund ongoing projects in various states, a top
executive said. (BS)
4 Brigade Enterprises is looking to raise around Rs 1.5 Bn through private
equity route by offloading a part of its stake in one of the commercial
projects in the city. (BS)
4 Dhanlaxmi Bank raised the interest rates on Non-Resident External
(NRE) term deposits across various maturities. (BS)
4 KEC International hopes to end 2011-12 (April-March) with an order
book of 15% despite the slowdown in domestic infrastructure projects,
Ramesh Chandak, managing director and chief executive office.
No comments:
Post a Comment